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By comparison, the average total compensation for directors at S&P 500 companies is $327,096 in 2024, according to SpencerStuart, a consulting group that conducts executive searches.
The compensation offered to such Independent Directors in the form of "sitting fee" has also been increased from Rs. 20,000 (prescribed by Companies Act, 1956) to a maximum of Rs. 1,00,000/- per meeting.
The Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011 introduced in the Corporations Act 2001 new sections 250R(2), 250U-V, so that if at two consecutive meetings over 25% of shareholders vote against the directors' remuneration package, the directors have to stand for election again in 90 days.
That year the top 200 executives earned a total of $3 billion in compensation. [33] The median cash compensation was $5.3 million, the median stock and option grants were $9 million. [33] In 2018, the highest-paid CEO in the US was Elon Musk of Tesla, Inc. Musk earned a total of $2.3 billion in compensation. [35]
Excluding the prior year's FDIC special assessment, expenses were up 1.2 billion or 5%, predominantly driven by compensation, as well as higher brokerage and distribution fees.
'Remuneration of directors. 90. The board shall fix the annual remuneration of the directors provided that without the consent of the company in general meeting such remuneration (excluding any special remuneration payable under article 91 and article 92) shall not exceed the sum of £100,000 per annum. . . . 91.
In the UK, the Directors' Remuneration Report Regulations 2002 [54] introduced a requirement into the old Companies Act 1985, the requirement to release all details of pay in the annual accounts. This is now codified in the Companies Act 2006. Similar requirements exist in most countries, including the U.S., Germany, and Canada.
Dwayne Johnson was the highest-paid actor in 2016, 2019, 2020, and 2021. Julia Roberts was the highest-paid actress in 1998, 1999, and 2000. Forbes publishes yearly lists of the highest-paid actors and actresses based on total earnings from 1 June the previous year to 1 June the current year.